Filing Flows › BEL Fuse (BELFA) › Q3 2026 › vs Q3 2025
BEL Fuse (BELFA) Q3 2026 vs Q3 2025 (year over year)
BEL Fuse's revenue rose $41.5M (+23%) from $179M in Q3 2025 to $221M in Q3 2026. The biggest changes: Industrial Technology and Data Solutions Segment +$31.2M (+38%); Aerospace, Defense, and Rugged Solutions Segment +$10.3M (+11%). Gross margin 40.9% against 39.7% (+1.2 pts).
BEL Fuse, Q3 2026: revenue $221M (+23% year over year), operating margin 17.9%, net earnings $26.3M, operating cash flow $34.2M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 40.9% | 39.7% | +1.2 pts |
| Operating margin | 17.9% | 16.9% | +1.0 pts |
| Net margin | 11.9% | 12.4% | -0.5 pts |
| Free cash flow margin | 12.7% | 11.4% | +1.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Industrial Technology and Data Solutions Segment | $114M | $82.7M | $31.2M | +38% |
| Aerospace, Defense, and Rugged Solutions Segment | $107M | $96.3M | $10.3M | +11% |
| Revenue | $221M | $179M | $41.5M | +23% |
| Gross profit | $90.3M | $71.1M | $19.1M | +27% |
| Cost of revenue | $130M | $108M | $22.4M | +21% |
| Other income, net | $7.1M | −$2.3M | $9.4M | — |
| Operating profit | $39.6M | $30.3M | $9.2M | +30% |
| Operating expenses | $50.7M | $40.8M | $9.9M | +24% |
| Pre-tax earnings | $46.6M | $28.0M | $18.6M | +67% |
| Research & development | $8.8M | $7.5M | $1.2M | +17% |
| SG&A | $39.4M | $32.8M | $6.6M | +20% |
| Other operating costs | $2.5M | $450K | $2.0M | +455% |
| Net earnings | $26.3M | $22.2M | $4.0M | +18% |
| Minority interests | $12.1M | $305K | $11.8M | 40× |
| Income tax | $8.3M | $5.4M | $2.8M | +51% |
| Depreciation & amortization | $7.3M | $6.7M | $619K | +9% |
| Share-based compensation | $3.0M | $1.8M | $1.3M | +73% |
| Working capital & other | $2.4M | $8.5M | −$6.1M | -72% |
| Operating cash flow | $34.2M | $22.2M | $12.0M | +54% |
| Free cash flow (OCF − capex) | $28.0M | $20.3M | $7.7M | +38% |
| Capital expenditures | $6.1M | $1.9M | $4.3M | +230% |
Questions
How much did BEL Fuse's revenue grow year over year in Q3 2026?
BEL Fuse's revenue rose $41.5M (+23%) from $179M in Q3 2025 to $221M in Q3 2026.
What drove BEL Fuse's revenue change in Q3 2026?
Industrial Technology and Data Solutions Segment +$31.2M (+38%); Aerospace, Defense, and Rugged Solutions Segment +$10.3M (+11%).